Shiny Chemical (Taiwan) Market Value
| 1773 Stock | TWD 157.50 2.50 1.56% |
| Symbol | Shiny |
Shiny Chemical 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Shiny Chemical's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Shiny Chemical.
| 11/20/2024 |
| 12/20/2024 |
If you would invest 0.00 in Shiny Chemical on November 20, 2024 and sell it all today you would earn a total of 0.00 from holding Shiny Chemical Industrial or generate 0.0% return on investment in Shiny Chemical over 30 days. Shiny Chemical is related to or competes with Tainan Spinning, Lealea Enterprise, China Petrochemical, Ruentex Development, WiseChip Semiconductor, Novatek Microelectronics, and Leader Electronics. Shiny Chemical Industrial Company Limited manufactures and sells electronic and industrial solvents in Taiwan More
Shiny Chemical Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Shiny Chemical's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Shiny Chemical Industrial upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 9.34 | |||
| Value At Risk | (2.81) | |||
| Potential Upside | 2.6 |
Shiny Chemical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shiny Chemical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shiny Chemical's standard deviation. In reality, there are many statistical measures that can use Shiny Chemical historical prices to predict the future Shiny Chemical's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (0.25) |
Shiny Chemical Industrial Backtested Returns
Shiny Chemical Industrial owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0868, which indicates the firm had a -0.0868% return per unit of risk over the last 3 months. Shiny Chemical Industrial exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shiny Chemical's Coefficient Of Variation of (1,737), risk adjusted performance of (0.04), and Variance of 3.39 to confirm the risk estimate we provide. The entity has a beta of 0.46, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Shiny Chemical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shiny Chemical is expected to be smaller as well. At this point, Shiny Chemical Industrial has a negative expected return of -0.15%. Please make sure to validate Shiny Chemical's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Shiny Chemical Industrial performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.06 |
Very weak reverse predictability
Shiny Chemical Industrial has very weak reverse predictability. Overlapping area represents the amount of predictability between Shiny Chemical time series from 20th of November 2024 to 5th of December 2024 and 5th of December 2024 to 20th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Shiny Chemical Industrial price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Shiny Chemical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 15.92 |
Shiny Chemical Industrial lagged returns against current returns
Autocorrelation, which is Shiny Chemical stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Shiny Chemical's stock expected returns. We can calculate the autocorrelation of Shiny Chemical returns to help us make a trade decision. For example, suppose you find that Shiny Chemical has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Shiny Chemical regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Shiny Chemical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shiny Chemical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shiny Chemical stock over time.
Current vs Lagged Prices |
| Timeline |
Shiny Chemical Lagged Returns
When evaluating Shiny Chemical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shiny Chemical stock have on its future price. Shiny Chemical autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Shiny Chemical autocorrelation shows the relationship between Shiny Chemical stock current value and its past values and can show if there is a momentum factor associated with investing in Shiny Chemical Industrial.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Shiny Stock Analysis
When running Shiny Chemical's price analysis, check to measure Shiny Chemical's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Shiny Chemical is operating at the current time. Most of Shiny Chemical's value examination focuses on studying past and present price action to predict the probability of Shiny Chemical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shiny Chemical's price. Additionally, you may evaluate how the addition of Shiny Chemical to your portfolios can decrease your overall portfolio volatility.